SAN FRANCISCO: Twitter Inc CEO Elon Musk stated on Wednesday the social media corporate is “roughly breaking even,” as maximum of its advertisers have returned and its competitive cost-cutting efforts have began bearing fruit after large layoffs,
Musk, in an interview with BBC broadcast survive Twitter Spaces, stated Twitter has about 1,500 staff now, a pointy decline from “just under 8,000 staff members” it had earlier than he took it over in October.
Twitter has been marked by way of chaos and uncertainty for the reason that $44 billion acquisition by way of Musk, as its layoffs have additionally incorporated a number of engineers answerable for solving and fighting provider outages, assets advised Reuters.
Last week, Twitter suffered a trojan horse that avoided 1000’s of customers from getting access to hyperlinks, its 6th primary outage for the reason that starting of the 12 months, in step with Internet watchdog staff NetBlocks.
Musk stated some system defects, together with fresh outages, however stated they have not lasted very lengthy.
He says Twitter was once in a $3 billion destructive money glide scenario and needed to take drastic movements, relating to its large-scale layoffs.
“We could be cash-flow positive this quarter if things go well,” he stated within the interview that attracted greater than 3 million listeners, including the corporate lately has all-time top person numbers.
Twitter has been hit by way of an enormous decline in promoting since its acquisition.
Musk had stated that was once because of the cyclical nature of advert spending and a few of which was once “political.” He stated on Wednesday maximum of its advertisers have returned.
The billionaire, who additionally runs digital automobile maker Tesla and rocket corporate SpaceX, stated he has no person in thoughts to prevail him as Twitter leader govt.
Musk has confronted scrutiny from Tesla traders concerning the period of time he spends operating the social media platform and had in the past stated the tip of this 12 months could be “good timing” to discover a new Twitter CEO.
Musk, in an interview with BBC broadcast survive Twitter Spaces, stated Twitter has about 1,500 staff now, a pointy decline from “just under 8,000 staff members” it had earlier than he took it over in October.
Twitter has been marked by way of chaos and uncertainty for the reason that $44 billion acquisition by way of Musk, as its layoffs have additionally incorporated a number of engineers answerable for solving and fighting provider outages, assets advised Reuters.
Last week, Twitter suffered a trojan horse that avoided 1000’s of customers from getting access to hyperlinks, its 6th primary outage for the reason that starting of the 12 months, in step with Internet watchdog staff NetBlocks.
Musk stated some system defects, together with fresh outages, however stated they have not lasted very lengthy.
He says Twitter was once in a $3 billion destructive money glide scenario and needed to take drastic movements, relating to its large-scale layoffs.
“We could be cash-flow positive this quarter if things go well,” he stated within the interview that attracted greater than 3 million listeners, including the corporate lately has all-time top person numbers.
Twitter has been hit by way of an enormous decline in promoting since its acquisition.
Musk had stated that was once because of the cyclical nature of advert spending and a few of which was once “political.” He stated on Wednesday maximum of its advertisers have returned.
The billionaire, who additionally runs digital automobile maker Tesla and rocket corporate SpaceX, stated he has no person in thoughts to prevail him as Twitter leader govt.
Musk has confronted scrutiny from Tesla traders concerning the period of time he spends operating the social media platform and had in the past stated the tip of this 12 months could be “good timing” to discover a new Twitter CEO.